https://www.taxtmi.com/highlights?id=71850 Revision u/s 264 - Exclusion of income declared under Income Declaration Scheme, 2016 ("IDS") - Petitioner having paid the tax and surcharge and the penalty with interest, amount of undisclosed income cannot be included in the income of the declarant/petitioner. Therefore, in our view, Commissioner should have exercised his power u/s 264 of the Act and decide the matter on merits. - HC en-us Tue, 05 Sep 2023 22:05:24 +0530 Tue, 05 Sep 2023 22:05:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=71850 Revision u/s 264 - Exclusion of income declared under Income Declaration Scheme, 2016 ("IDS") - Petitioner having paid the tax and surcharge and the penalty with interest, amount of undisclosed income cannot be included in the income of the declarant/petitioner. Therefore, in our view, Commissioner should have exercised his power u/s 264 of the Act and decide the matter on merits. - HC Highlights Income Tax Tue, 05 Sep 2023 22:05:24 +0530 https://www.taxtmi.com/highlights?id=71850